“The $500m bond will complement our stable funding base and support the growth of our balance sheet and the overall business. More importantly, this medium-term funding will further enhance our strength in financing profitable, impactful projects on the African continent.”

Also commenting on the Eurobond, the Group CFO, Mr. Ugo Nwaghodoh, said, “UBA’s debut global offering is another milestone for us.”

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It seems Mr. Peter is confusing Autonomy with creation of States or Local Govt.
Apart from Former Mid-West Region that was created through debate or sort of Referendum, Bendel or Edo and Delta were created by military fiat which nobody was able to question the propriety of the creation.
Mr. Peter should note that under a Regional autonomy, they are free to create as many a States and local authorities as they want . A geo political zone that has six States before regional autonomy for example ,can decide to make every town and village of that zone a State or each household a Local Govt , that is their problem as long as it does not affect the smooth running of other zone or region that maintains the status quo before the regional autonomy was granted or as long as they are ready to fund the states and local govts without Federal govt intervention and it does not affect the tax such Region is sending to the Federal to maintain the Exclusive oversight functions.